The Hindu Business Line : Bond prices close higher

Bond prices were range-bound while ending higher on easy crude oil prices. Long government papers saw an upward movement of about 30 paise. These papers have seen consistent activity since the announcement of the government auction calendar for the second half of the fiscal.

As the supply of papers in the 20-plus years' segment is expected to be less at Rs 19,000 crore, the market is expecting prices in this segment to rise, said a dealer with a private bank.

Total traded volume on the order-matching system was Rs 2,405 crore (Rs 2,260 crore). The 7.59 per cent-10 year-2016 paper opened at Rs 99.71 (7.63 per cent YTM) and closed at Rs 99.89 (7.6 per cent YTM) against the earlier close of Rs 99.66 (7.64 per cent YTM). The 8.07 per cent-10 year-2017 paper opened at Rs 102.79 (7.67 per cent YTM) and ended at Rs 102.88 (7.66 per cent YTM) higher than the previous close of Rs 102.67 (7.69 per cent YTM).

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